Media Release Absa in Islamic banking solution first
South African bank Absa has launched the world's first Shari'ah compliant banking solution, in the form of an Islamic cheque value bundle offering customers a package of transactions and services for a flat fee
01 Aug 2013
George appointed director at Old Mutual New boss at investment division
Old Mutual Investment Group has appointed Hywel George in the capacity of Director of Investments. Hywel is currently a partner at the London-based Integral Asset Management, a boutique wealth management firm.
08 Jul 2013
Cutting edge Capitec banks on Altech ISIS to drive innovation
Financial institutions typically spend more on information technology (IT) – including software, hardware and services – than other services.
15 Apr 2013
Credit amnesty An attractively disguised threat
There are 19.69-million active credit consumers, of whom 53.1% are considered to be in good standing. The number of consumers with impaired credit records has slowly been deteriorating.
14 Mar 2013 - M. D.
World Bank 2013 report South Africa still tops for credit access
According to the World Bank’s 2013 Doing Business Report, South Africa has been joint-ranked, along with Malaysia and the United Kingdom, as the easiest country in the world for SMEs to get credit.
31 Dec 2012
Loans and repayments Controversial interest rate cut for indebted borrowers mooted
With plans announced by the Banking Association to cut interest rates in respect of people under debt review – is self-interest clouding judgement?
01 Nov 2012
The Tax Man SARS restricts cheque payments
As part of its modernisation journey, SARS Customs will impose a restriction on the value of cheque payments
19 Oct 2012
Banking crisis Banks becoming threat to global economy
Taxpayers and the economy are not getting their money’s worth from government bailouts of banks that got themselves in trouble with dodgy loans and high-risk trade in so-called financial instruments.
17 Jul 2012
Micro Loans Savings culture essential
"A recent study, conducted by academics from the University of the Free State, also attributed South Africa’s poor entrepreneurial activity to its low savings rate and dismal savings culture.”
13 Jul 2012
Banking Nedbank joins digital revolution
The use of digital apps in financial services is increasing and Nedbank’s launch will undoubtedly be welcomed by consumers.
06 Jul 2012
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